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The developer behind The Pearl along Edmonton's Jasper Avenue will soon begin work on an even bigger project, following a city council vote on Monday that granted approval to the Emerald Tower development. The 45-storey condominium is set to become the tallest residential tower in Edmonton.
Most residents of the Oliver neighbourhood who attended the public hearing voiced opposition to the project, citing its height, lack of affordable and family-friendly units, and the above-grade parkade facing Jasper as problematic elements of the plan. Their comments echoed those of city staff, who also believed the $200,000 CAD developer contribution for community amenities — itself a jump from the initial $50,000 offer — was insufficient. Mayor Don Iveson was a notable opponent of the current plan, stating that the sculptural expression of the tower and its design were "not up to the same standard" as other recent proposals.
As the project made its way through the planning process, Regency Developments made several changes to the design. The above-grade parkade will be shielded with an illuminated $150,000 glass art wall. By putting the parking above ground, the developer also saves hundreds of thousands of dollars, allowing them to sell units at a more affordable price point compared to most new downtown condominiums. Regency will sell five percent of its units to the city at 85 percent of the list price, effectively turning them into affordable suites. The Oliver Community League had asked that number to be as high as 14 percent, while pressing the developer to build more family-friendly units.
With the old City Centre airport and its associated height restrictions now defunct, Edmonton has new room for vertical growth. Increasing density in the downtown core, especially along Edmonton's main drag, meets the objectives of a vibrant city outlined by staff. Though the Emerald Tower asked for significantly more than the zoning permits — quadruple the height and double the density — these regulations were due to be shed in the near future regardless, as Edmonton's urban evolution pushes the past established boundaries.
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